TD Asset Management Inc Has $6.71 Million Stock Position in Las Vegas Sands Corp. $LVS

TD Asset Management Inc decreased its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 20.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,149 shares of the casino operator’s stock after selling 39,526 shares during the quarter. TD Asset Management Inc’s holdings in Las Vegas Sands were worth $6,707,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LVS. MassMutual Private Wealth & Trust FSB boosted its stake in Las Vegas Sands by 37.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after purchasing an additional 239 shares during the period. Center for Financial Planning Inc. acquired a new position in Las Vegas Sands in the 1st quarter valued at $42,000. Hilltop National Bank acquired a new position in Las Vegas Sands in the 2nd quarter valued at $44,000. Farther Finance Advisors LLC raised its holdings in shares of Las Vegas Sands by 133.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator’s stock worth $59,000 after buying an additional 856 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Las Vegas Sands by 53.8% during the 2nd quarter. UMB Bank n.a. now owns 1,361 shares of the casino operator’s stock worth $59,000 after buying an additional 476 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Down 1.2%

LVS opened at $48.55 on Monday. The company has a market cap of $33.33 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.77 and a beta of 1.01. The business’s 50-day moving average price is $53.44 and its 200-day moving average price is $46.20. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. Las Vegas Sands Corp. has a 12 month low of $30.18 and a 12 month high of $58.05.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, topping the consensus estimate of $0.53 by $0.26. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, equities analysts expect that Las Vegas Sands Corp. will post 2.6 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands’s payout ratio is presently 50.51%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LVS shares. Citigroup reaffirmed a “buy” rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Bank of America increased their price target on Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Zacks Research upgraded Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Macquarie increased their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Las Vegas Sands in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $60.47.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.